Somalia, Fed. Rep. Lending Rate
Lending interest rate FR.INR.LEND
Somalia, Fed. Rep.'s lending rate was 33.67% in 1988, ranked 57th globally. This represents a 53.0% increase from 1987. Data from World Bank, covering 1975–1988.
Overview
Somalia, Fed. Rep.'s lending rate stood at 33.67% in 1988, a rise of +11.67pp from 1987. Somalia, Fed. Rep. ranked 57th globally.
Somalia's Federal Republic experienced a significant spike in lending rates throughout the 1980s, with a peak lending rate of 33.67% in 1988, ranking it 57th globally. This rate is nearly five times higher than the country's all-time low of 7.00% in 1978. In comparison, Iceland's lending rate of 30.27% during the same period was relatively stable, while Uganda's rate of 35.00% in 1988 was even higher. The extreme volatility of Somalia's lending rate during this era is likely a reflection of the country's economic instability and its struggle to recover from a severe drought in the early 1970s. The World Bank data suggests that Somalia's lending rate has remained relatively high, and any significant improvement in the country's economic stability, such as through increased international investment or a more robust financial sector, would be necessary to alter this trend.
Data & projection
| Year | Lending Rate | YoY change | Rank |
|---|---|---|---|
| 1988 | 33.67% | +11.67pp | #57 |
| 1987 | 22.00% | +1.42pp | #50 |
| 1986 | 20.58% | +1.58pp | #50 |
| 1985 | 19.00% | +7.00pp | #42 |
| 1984 | 12.00% | +0.00pp | #22 |
| 1983 | 12.00% | +0.50pp | #23 |
| 1982 | 11.50% | +1.50pp | #15 |
| 1981 | 10.00% | +2.50pp | #11 |
| 1980 | 7.50% | +0.00pp | #4 |
| 1979 | 7.50% | +0.50pp | #3 |
| 1978 | 7.00% | +0.00pp | #3 |
| 1977 | 7.00% | +0.00pp | #4 |
| 1976 | 7.00% | +0.00pp | #4 |
| 1975 | 7.00% | – | #3 |
Analysis
Somalia, Fed. Rep.'s lending rate was 33.67% in 1988, a rise of +11.67pp from 1987.
Frequently Asked Questions
Somalia, Fed. Rep.'s lending rate was 33.67% in 1988. Ranked 57th globally. This represents a 53.0% increase from the previous year.
Somalia, Fed. Rep.'s lending rate peaked at 33.67% in 1988.
The lowest lending rate in Somalia, Fed. Rep. was 7.00% in 1975.
Somalia, Fed. Rep. ranks 57th globally in lending rate as of 1988.
The World Bank indicator code is FR.INR.LEND. Data sourced from World Bank.
The lending rate of Somalia, Fed. Rep. in 1988 was 33.67%. This ranks 57th in the world.
Cite this page
@misc{historysaid_somalia-fed-rep_lending-rate,
title = {Somalia, Fed. Rep. Lending Rate},
url = {https://historysaid.com/somalia-fed-rep/lending-rate/},
publisher = {HistorySaid},
year = {2026}
}